Dubai / WAM Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation (PCFC) in Dubai, succeeded in processing more than 27,000 transactions involving commercial and engineering licencing services during the first half of 2021. Abdullah Belhoul, CEO of the Department of Planning and Development at Trakhees, stated that PCFC is constantly working to maintain its excellence to ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has intensified its inspection campaigns in the local markets in collaboration with the Ministry of Economy, the Federal Customs Authority and other competent authorities to ensure compliance with tax legislation and procedures, as well as protecting consumers from trafficked products that do not meet quality specifications approved within the UAE. In ...

India’s current rate of spawning unicorns, or startups with at least a billion dollars in valuation, is almost three per month. But all that action is in private markets; practically nothing of the digital economy trades publicly. Which explains the nervous excitement over this week’s initial public offering by one of the country’s two dominant online food-delivery services. As China ...

As earnings season begins, one of the biggest emerging storylines is that Netflix Inc’s most formidable rivals, led by Walt Disney Co, already may be starting to falter. If Disney can’t get to where Netflix is, can anyone? Netflix is set to kick off the industry’s quarterly reports next week on July 20, while investors will have an anxious wait ...

“Living” with Covid-19 has been talked about since the pandemic first began: A moment when the coronavirus disease becomes part of everyday life, rather than an overpowering wave of cases and deaths that overloads hospitals and triggers society-crushing lockdowns. This so-called “endemic” phase would see Covid-19 look more like influenza, with regular vaccine campaigns and a focus on primary care. ...

The European Central Bank’s (ECB) first strategy review in 18 years is about to get its first credibility test. President Christine Lagarde has fired the starting gun for the implementation of the ECB’s new policy framework. Just over a week from now, it will issue updated forward guidance on policy rates. That will be in preparation for a fresh program ...

Bloomberg Venezuelan opposition leader Juan Guaido said heavily-armed security officers penetrated his apartment building, threatening him with arrest, and detained Freddy Guevara, a top lieutenant, in a separate operation. Surrounded by neighbours who came to support him, Guaido said the men coming for him had set off an explosive. He reported no injury. Those who took Guevara pointed long weapons ...

Bloomberg The US State Department cited the Chinese government’s crackdown on ethnic Uyghurs in the Xinjiang region as one of six places in the world that are witnessing or are at risk of atrocities and crimes against humanity, as the US explores new ways to try to prevent such violence. “The crimes against humanity include imprisonment, torture, enforced sterilisation and ...

Bloomberg Japan for the first time referred to the importance of stability around Taiwan in its annual defense report, ratcheting up its concerns over the island that has been a flashpoint in tensions between China and the US The wording in the “Defense of Japan” white paper released on Tuesday increased friction between the two biggest economies in Asia. A ...

Bloomberg South Africa’s Covid-19 vaccination program has been partially halted as violent protests following the imprisonment of former President Jacob Zuma rage in two key provinces. State-administered inoculations have been suspended in KwaZulu-Natal and parts of Gauteng, the economic hub, said Nicholas Crisp, a consultant to the National Health Department who is helping oversee the program. “We are clearly not ...